Assertion (A) : Low initial price is regarded as the principal means for entering into mass market for some new product.
Reason (R) : Firms generally enter into production of new products with excess capacity of the plant initially.
1
(A) is correct but (R) is wrong
2
(A) is wrong but (R) is correct
3
(A) and (R) both are correct and (R) is right explanation of (A)
4
More than one of the above
5
None of the above